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{Hacker Hour} What to Know About Cyber Insurance

{Hacker Hour} What to Know About Cyber Insurance

Hacker Hour: What to Know About Cyber Insurance

Description: Among many other things, 2021 has brought a 93% increase in ransomware attacks. In fact, according to Check Point Research's Cyber Attack Trends: 2021 Mid-Year Report, more than 1,200 organizations worldwide fall victim to a ransomware attack each week, and all enterprises are at risk.

With cyber attacks continuing to grow in terms of volume and scale, many organizations are looking into cyber insurance for protection. The problem is that the cyber insurance market is confusing, premiums are skyrocketing, and coverages vary drastically between providers. On top of that, providers are being pressured to implement strict security requirements and risk assessments before issuing coverage.

Join SBS and a guest panel of cyber insurance experts to get the answers to common questions about what is happening in the cyber insurance market. We will cover what organizations can expect from providers, what homework should be done before choosing a provider, the most important things to look for in your coverage options, and more.


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Hacker Hour HostMeet the Host

Nick Podhradsky, Senior Vice President at SBS CyberSecurity

Nick is on a mission to help organizations understand basic cybersecurity principles and incorporate a stronger culture of security. Since 2016 Nick has hosted the monthly "Hacker Hour" webinar series, which aims to help attendees understand basic cybersecurity principles. Nick has been selected as a guest lecturer at the Dakota State University GenCyber camp and frequently speaks at local Chamber of Commerce groups and other user groups. Nick has 10 years of experience in the banking industry and holds a master’s degree in Educational Technology from Dakota State University. He is a Certified Banking Security Manager and Certified Banking Incident Handler.

Contact Nick at or 605-770-3926.

Hacker Hour webinars are a series of free webinars hosted by SBS CyberSecurity. Unlike paid webinars, Hacker Hours are aimed to meet on a monthly basis to discuss cybersecurity issues and trends in an open format. Attendees are encouraged to join the conversation and get their questions answered. SBS will also offer products and services to help financial institutions with these specific issues.

Posted: Thursday, October 28, 2021
Categories: Blog, Hacker Hour, Calendar, Webinar